Category Archives: Weekly Financial News

156,000 Payroll Jobs, 4.7% Employment

Posted on January 6, 2017 by Popular Economics Weekly

Popular Economics Weekly The highlight of the December unemployment report was that wages rose 2.9 percent annually. And nonfarm payrolls rose a lower-than-expected 156,000 in December but added a net 19,000 to the two prior months (November now at 204,000 … Continue reading →

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Why The Years of Slow Growth?

Posted on January 4, 2017 by Popular Economics Weekly

Popular Economics Weekly Pundits have decried it. Donald Trump has criticized the ‘lousy’ U.S. economy in many of his Tweets, and economists have lamented the 2.4 percent GDP growth rate since 2000, at the time of the dot-com bubble bust. … Continue reading →

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Case-Shiller Home Prices At New Highs

Posted on December 29, 2016 by Popular Economics Weekly

Financial FAQs The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6 percent annual gain in October, up from 5.4 percent last month. The 10-City Composite posted a 4.3 percent annual … Continue reading →

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New-Home Sales, Confidence Also At New Highs

Posted on December 27, 2016 by Popular Economics Weekly

The Mortgage Corner The Commerce Department on Friday said new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month. That was the second highest pace since 2007, said the NAHB. Economists had forecast … Continue reading →

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New-Home Sales, Confidence Also At New Highs

Posted on December 27, 2016 by Popular Economics Weekly

The Mortgage Corner Just as existing-home sales are at their cyclical highs, the Commerce Department on Friday said new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month. That was the second highest … Continue reading →

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Q3 GDP Growth Now 3.5%!

Posted on December 23, 2016 by Popular Economics Weekly

Popular Economics Weekly The third-quarter lived up to its early expectations, rising with each new revision to an inflation-adjusted 3.5 percent annualized rate for the best showing in two years, said the Commerce Department. The consumer was the main engine … Continue reading →

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Housing Construction, Sales Strong, Interest Rates Still Ultra-Low

Posted on December 21, 2016 by Popular Economics Weekly

The Mortgage Corner Housing starts are being hit by huge swings. November starts fell 18.7 percent in November to a much lower-than-expected 1.090 million annualized rate following an upward revised gain of 27.4 percent to 1.340 million in October, says … Continue reading →

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Janet Yellen and The Fed’s Rate Hike(s)

Posted on December 16, 2016 by Popular Economics Weekly

The Mortgage Corner The Federal Reserve on Wednesday raised a key U.S. interest rate for the first time in a year and signaled a more aggressive approach in 2017, when incoming president Donald Trump plans a so-called ‘full-throttle’ strategy to … Continue reading →

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Trump Voters and The Drug Epidemic

Posted on December 12, 2016 by Popular Economics Weekly

Popular Economics Weekly Why should so many rust-belt citizens vote for President-Elect Donald Trump, who is patently against the interest of working class voters? I am speaking of his promise to revoke Obamacare, which will make the 20-30 million dependent … Continue reading →

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Why Are Consumers Happier?

Posted on December 5, 2016 by Popular Economics Weekly

Financial FAQs Why are consumers much happier during these holidays? The University of Michigan’s consumer sentiment index for November jumped 6.6 points to a six-month high while the Conference Board’s consumer confidence index jumped 6.3 points to 107.1 for its … Continue reading →

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